Mergers and acquisitions in the luxury market: who’s buying who? Or rather, who is Kering buying in response to LVMH’s purchase of Tiffany. Analysts indicated Burberry of a jewelry brand as the perfect target for Kering’s portfolio. Bernard Arnault, owner of LVMH, is ready to take on the next opportunity also via the “tool” L...
“You either grow or the market pushes you out”. Claudio Delunas, CEO of Idee Partners gets to the point. His company, which became a part of Gruppo Pattern in October 2021, continues to invest, and announced its 4th acquisition: 70% of RGB, company located in Reggello (Florence) and specialized in the production of leather accessories. […]
The Minerva Hub is born. The new enterpsie is made of 6 companies of the chain that, together, have a revenue of over 101 million euro, 1,000 customers and employ 434 people directly. These 6 companies, among which is also Zuma Pelli Pregiate, have formed a new district specialized in materials and finishings for the...
The Furlanetto family wants to sell Furla, at least in part. It seems that this is one of the options that the heirs of Aldo Furlanetto, who founded the brand in Bologna in 1927, are considering. Lazard has already been commissioned to do so. From the documents in circulation, would also emerge a potential agreement […]
LVMH is allegedly considering the purchase of Ralph Lauren. The stylist by the same name (82 years old) id preparing the sale of the brand he founded and directed until now. In the last two years, says Axios, he already discussed a potential merger with the French group. Rumors So far, they are only rumors....
Patience, opportunism and sharpness. According to Kering’s CEO, François-Henri Pinault, these are the 3 skills that somebody interested in M&A operations must possess. The French luxury group hasn’t hidden his wish to acquire a new brand, and the market has known for a while. But Kering isn’t the only, as other groups are planning to...
Supply chain mergermania. The Koinos Capital fund has acquired a majority stake in Tre Zeta Group, a San Miniato-based company specialising in leather soles and sneakers soles. The value of the investment has not been disclosed. Supply chain “Today marks the beginning of Koinos’ collaboration with Tre Zeta Group”, explains Marco Morgese, founding partner of...
Burberry has a new CEO. Coming April 2022, Jonathan Akeroyd will substitute Marco Gobbetti, who will begin his new role as CEO of Ferragamo. British Akeroyd (54 years old) has been CEO of Versace since 2016, and remained in his place when the Italian brand was bought by Capri Holdings. The same manager was also […]
Split between the financial restructuring of Roberto Cavalli and the wish to buy additional brands. Hussain Sajwani, founder of the Damac Properties group out of Dubai (which is also the owner of Vision Investments with which it bought Cavalli), seems to have no issue with liquidity. As a matter of fact, according to some indiscretions, […]
Off-White has a billion euros in its sights. We’ll get there “in five to ten years”, says CEO Andrea Grilli, who explained how input from LVMH (which controls 60% of the brand, the remaining 40% belongs to Virgil Abloh) and Farfetch (owner of New Guards Group, its licensee) is facilitating this path. The billion in […]
LV’s sustainability goes through the control of the chain, according to Michael Burke. All of it, from raw materials to second hand. The luxury brands, says the CEO (in photo), follows a strategy that doesn’t look at the results for a single year, but rather to “long-term growth”. That’s why luxury brands can be open...
There is no doubt. Kering is looking for a target to acquire. Jean-Francois Palus (general director of the French group) confirmed it by highlighting the main difficulties tied to the search: “the lack of luxury targets. We are observing the market, working to find the best target at good conditions. That’s what we have done […]
Armani expects to return to pre-pandemic levels by 2022. The recovery has already begun: in the first half of 2021, sales are up +34% thanks to the USA and China. In light of this result, the group expects “a much better profitability scenario for 2021”. The only variable, ça va sans dire, is the return […]
Already a leader and already active, or rather hyper-active. The Arnault family has led the luxury mergermania for a time, both via LVMH and L Catterton, last acquiring Etro and Off-White. While waiting for a counter-action by competitors, the group led by president and CEO Bernard Arnault (in photo), takes advantage of its competitive leverage:...
Everyone is waiting for the Kering coup. And they have been since LVMH bought Tiffany. The conglomerate led by the Pinault family is still a spectator in the mergermania that has been unleashed recently. According to rumours, it has even made a few attempts (Richemont, Ralph Lauren, Dolce & Gabbana), while market players are competing...
German retailer s.Oliver Group took over the footwear and accessories’ brands Copenhagen Studios, German enterprise, despite the name. The brand manufactures 65% of its products in Italy, with the remaining 35% in Portugal, while all the leather used comes from Italy. The announcement was made by brothers Julian and Johannes Rellecke, both of which will […]
Much activity is happening in Biella. Zegna Group announced its IPO in New York: the male-focused brand will have its IPO in Wall Street at the end of November. Moreover: it will do so with Investindustrial, Special Purpose Acquisition Company launched in 2020 by Andrea Bonomi’s company with the same name, which aims at favoring […]
Exor with Armani (for the moment) is a no-go. For L Catterton with Etro, however, the answer is yes. Two luxury judgments that confirm that #mergemania shows no signs of giving up. The first is an indiscretion. At the beginning of July, John Elkann would have tested the waters to acquire a minority stake in […]
Of course, the +129% performance is compared to the 2nd quarter of 2020 (during the first wave of Covid-19, which can make it seem less significant. Yet, a -4% performance compared to the same period of 2019 seems to indicate that the path selected is the right one. Hugo Boss countered the opinions that see […]
Rino Mastrotto Group buys Carroll Leather, US-based division of Carroll Companies, active in the commercialization of leather objects for the interiors’ segment. The Vicenza-based tanning group hopes that this operation will let it develop on two fronts. “This deal gives us the chance to get US consumers to know our interiors’ business unit – comments […]
